Financial and Banking News


Sudan and IMF Edge Toward Reconciliation

Sudan and the International Monetary Fund (IMF) are apparently edging towards a reconciliation in their longstanding dispute over Sudan's ability to service its foreign debt. According to the Sudanese Finance Minister, Mr. Bashir 'Umar, Sudan has reached a "tentative general agreement" with the IMF which could, if ratified by the IMF Executive Board, lead to the conclusion of a...